Download
1 / 6
60 likes | 167 Views
Research Director John Barr's journey in establishing common grid abstraction layers in the finance industry to prevent vendor lock-in, involving major banks and technology vendors to define use cases and foster API standardization.
E N D
Grid Standards and the Finance Industry John Barr Research Director Financial Markets OGF22 Boston
Grid API for FSI • Motivation • Participation • Outcome
Motivation • Visited many investment banks • All have the same requirement • Define grid abstraction layer • To avoid vendor lock-in • 10 banks, 10 different (but similar) abstraction layers • Opportunity for common API definition
Initial Activity • Kick-off meeting • 6 banks • major compute/data grid middleware vendors • interested parties (Intel, GCN, Excelian, 451) • Compute grid a done deal • Compute/data grid integration next hurdle • Agreed to define use cases as first step
Follow-up • 2nd Meeting • 6 banks (different participants) • major compute/data grid middleware vendors • interested parties (Intel, GCN, Excelian, 451) • Use Cases discussed • What next? • Pressed for commitment from banks • It all went very quiet
So what now? • Without buy-in from banks no point • Continuing interest – but no commitment • Excelian doing consulting work in this area • So there is a real need…
